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Money managers under the microscope

Crosby aborts its Apollo mission

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As predicted last November, troubled fund firm Crosby’s joint venture Apollo Multi Asset Management has struggled to attract assets and today Crosby announced it is pulling out as a partner in the loss-making boutique.

rtr1ub49Apollo, a fund of funds venture with fund manager Tom McGrath, produced some respectable performance from its Balanced fund but attracted just 31.2 million pounds in assets.

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